NEDFi Venture invests in KraftInn and 6 more India deal updates

NEDFi Venture Capital Ltd. (NVCL), through its North East Venture Fund, has invested an undisclosed amount in Assam-based home décor startup KraftInn.

The funding will be used to expand inventory and designs, the startup said in a statement. It will use a part of the capital to strengthen its marketing, sales, and distribution teams.

KraftInn claims to be assisting in the transformation of home décor products to environmentally friendly solutions made of sustainable materials such as bamboo, water hyacinth, and cane, therefore assisting in the fight against climate change.

“Climate change is one of the most pertinent issues of our generation and home décor companies need to change how we make things. We aspire to be India’s largest direct-to-customer sustainable home décor brand,” said Parikshit Borkotoky, CO-Founder, KraftInn.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from September 2-5, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
KraftInnAssam (Jorhat)-SeedNEDFi Venture Capital (North East Venture Fund) -Consumer ProductsE-commerce
dezerv.Mumbai7 millionSeedElevation Capital, Matrix Partners IndiaWhiteboard Capital, Blume Founders Fund, Kunal Shah, Ramakant Sharma, Asish Mohapatra, Ruchi Kalra, Vidit Aatrey, Sanjeev Barnwal, Varun Dua, Nitin Gupta, Anurag Sinha, Shashvat Nakrani, Suhail Sameer, Revant Bhate, Taparia, RK Kedia, CJ Shah, Neeraj Goenka, Akash Saxena, K Rangarajan, Aashish Sommaiyaa Financial ServicesFintech
AppsForBharatBengaluru10 millionSeries AElevation CapitalSequoia Capital India, Beenext, Matrix Partners India, Scott Shleifer, Saurabh Gupta, Vidit Aatrey, Kunal ShahSoftwareFitness & Wellness
BikayiHyderabad10.8 millionSeries ASequoia Capital India-SoftwareE-commerce
Sugar.fitBengaluru10 millionSeedCure.fit, Endiya Partners, Tanglin Venture Partners-Healthcare SpecialistHealthTech
HabbitBengaluru320,000Pre-SeedAshok GoyalRajinder Mohan, Gaurav Vij, Geeta Ahluwalia, Kunal OjhaEducation/TrainingEdTech
Hype LuxuryBengaluru-Pre-Series AMarsShot Ventures-Automobiles Other Vehicles & PartsRidesharing /Transport

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.